QUESTION 8 "If the current rate of interest is 10%, then the present value (PV) of an investment that pays $1000 per year and lasts 5 years is closest to Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer." QUESTION 9 "A rich donor gives a hospital $500000 one year from today. Each year after that, the hospital will receive a payment 1% larger than the previous payment, with the last payment occurring in 10 years' time. What is the present value (PV) of this donation, given that the interest rate is 5%? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer." QUESTION 10 "Assume that you are 20 years old today, and that you are planning on retirement at age 65. Your current salary is $50000 and you expect your salary to increase at a rate of 3% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 21st birthday and will be 10% of this year's salary. You expect to deposit 10% of your salary each year until you reach age 65. Assume that the rate of interest is 3.5%. The present value (PV) (at age 20) of your retirement savings is Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer." QUESTION 5 "Joe just inherited the family business, and having no desire to run the family business, he has decided to sell it to an entrepreneur. In exchange for the family business, Joe has been offered an immediate payment of $200000. Joe will also receive payments of $10000 in one year, $50000 in two years, and $2000 in three years. The current market rate of interest for Joe is 5%. In terms of present value (PV). how much will Joe receive for selling the family business?Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an